The opposite of meritocracy. A system whereby privilege and wealth opens all doors regardless of actual skill set or past failures. What allows shonky people in positions of power to get sideways promotions out of difficult situations that they have created.
The nepotocracy wins again. Another juicy job gone to (insert whatever slimy politician/executive here) after he screwed up (insert whatever project/company here). How do these people keep getting these positions?